Friday, May 07, 2021

Desempleo limita confianza de consumidores panameños

Unemployment limits confidence of Panamanian consumers

A slight improvement was found in the survey that measures the confidence of the Panamanian consumer. According to the measurement at the beginning of March, the index reached 100 points, which represents an increase of 2 points compared to the data of last January.
Domingo Barrios, representative of The Marketing Group, a company that performs the measurement at the request of the Chamber of Commerce, Industries and Agriculture of Panama, the 100 points marks a neutral point between the trust and mistrust of the Panamanian consumer.

The measurement that includes responses from 700 people revealed confidence about the country's situation in the next six months, but also showed concern about the low capacity of consumers to save. Unemployment continues to be one of the biggest concerns of those surveyed, to the point that 32% of the participants indicated that they distrusted getting a job in the next 6 months.

Barrios commented that the data for March are marked by the unemployment levels registered by the Panamanian economy. For his part, Manuel Ferreira, director of economic affairs of the Chamber, pointed out that it is important to accelerate the vaccination plan to achieve a full reactivation of trade.

He added that for the second semester of the year a rebound in investment is expected due to the implementation of new laws such as the regime to attract Multinationals for the Provision of Manufacturing Related Services (EMMA).

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